Adani Wilmar shares crash 9% as promoter looks to sell up to 20% stake via OFS
Adani, which holds nearly 44% stake, will sell up to 13.5% to the public in an offer for sale beginning Jan 10, with an option to sell an additional 6.5%
Adani Wilmar Shares Tubmble Down Almost 10% On NSE As Stake Sale Via OFS Is Underway
Adani Wilmar, the food and beverage arm of the Adani Group, shares nosedived almost 10 per cent on NSE (National Stock Exchange), as OFS sale of the Adani Wilmar from one of the promoters; Adani Commodities has offering up to 17,
Adani to Raise Rs 7,148 Crore from Adani Wilmar Stake Sale
The offer for sale (OFS) will include an option to additionally sell up to 8.44 crore shares or 6.50 per cent equity.
Adani Wilmar OFS kicks off, shares tumble 9%; here's why
Adani Wilmar shares plunged 9.24 per cent to hit a low of Rs 294 on BSE. The scrip is down 18.69 per cent in the past one year and 47 per cent in the past two years.
India's Adani to sell up to 20% stake in Wilmar joint venture
India's Adani Group said on Thursday it plans to sell a stake of up to 20% in Adani Wilmar to the public, as the conglomerate looks to comply with minimum public shareholding rules amid plans to exit the consumer goods company.
Adani Wilmar's OFS for 20% stake opens January 10, floor price Rs 275 per share
The OFS will have a base offer of 13.5% equity and a green shoe option for another 6.5% stake, a company filing said on January 9.
Adani Wilmar OFS: Stock in focus as floor price set at Rs 275; key details
The floor price for the offer for sale is set at Rs 275. This is at 15.11 per cent discount to Adani Wilmar's Thursday closing price of Rs 323.95 on BSE.
Adani raises offer-for-sale size to 20% in Wilmar JV
Adani Group has decided to increase the size of its offer for sale (OFS) to offload part of its stake in Adani Wilmar to 20 per cent from 13 p.
Adani Group to raise ₹7,148 crore from Adani Wilmar stake sale
Adani Group to raise ₹7,148 crore by selling stake in Adani Wilmar, focusing on infrastructure business growth.
Adani Wilmar OFS: Share price tanks 10% as promoter plans to sell 20% stake
Adani Wilmar shares fell over 9% on Friday, January 10, as the two-day offer-for-sale (OFS) by promoter Adani Commodities LLP kicks off. Read on to find out why the stock declined.
Adani Wilmar stock tumbles nearly 10% in early Friday trade
New Delhi: Shares of Adani Wilmar tumbled nearly 10 per cent on Friday morning following news that the Adani Group will raise ...
Adani Group to Raise $833 Million as It Exits JV With Wilmar
The Adani Group will raise 71.48 billion rupees ($833 million) by selling up to 20% stake in Mumbai-listed Adani Wilmar Ltd.
Wilmar’s Strategic Acquisition of Adani Wilmar: Growth Prospects and Shareholder Value Amidst Neutral Short-term Impact
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After Gautam Adani exits Adani Wilmar, company reveals its future business strategy, plans to expand…
Following the exit of the Adani Group, Wilmar may further capitalise on this approach by introducing more global FMCG brands ...
Adani Wilmar shares in focus after Q3 update: Revenue jumps 33% YoY aided by volume growth
According to Trendlyne, 2 out of 5 analysts have a 'buy' or 'strong buy' recommendation for Adani Wilmar shares, while 2 ...
Post-Adani Group exit, Wilmar to emulate ITC; leverage cash-cow oil business to expand FMCG portfolio
On December 30, billionaire Gautam Adani's group announced its exit from Adani Wilmar, selling its entire stake ...
Gautam Adani to receive a cheque of Rs 171398500000; where will he spend this huge money? Company has planned to invest in….
The Group has also announced forays in refinery, petrochemicals and in chemical business. The company has already made a ...
Stocks in news: ITC, HDFC Bank, Adani Wilmar, Kotak Bank, HUL
Union Bank reported a 2% YoY increase in its domestic deposits from the previous year at Rs 11.82 lakh. Sequentially, it was ...